Industry update News Management
NaturalShrimp signs agreement to develop new RAS site

NaturalShrimp Florida announced it has entered into an agreement with the Jefferson County, Florida Board of Commission to lease a 10-acre tract of land where the company aims to develop a 250,00-square-foot inland shrimp production facility.

Under the terms of the agreement, the board will lease or convey the property in the Jefferson County Industrial Park located South of Monticello, Fla.

The board also agrees to provide grant writing services to identify and pursue all available grants up to US$25 million to fund infrastructure, improvements, and equipment necessary for operation of NaturalShrimp Florida’s business.

“After extensive due diligence, the site in Jefferson County, Fla. is an ideal location for our next shrimp facility, and we are privileged to be working with the County to advance our development plans,” said Gerald Easterling, CEO of NaturalShrimp. “This site will allow us to build a highly scalable, capital efficient new facility to meet increasing long-term growth targets.”

NaturalShrimp has also signed a letter of intent with the Water Quality Association for the development of an advanced education, training, and certification program for water treatment professionals that will expand and support the number, and quality, of skilled aquaculture workers in Florida.